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You can only choose one of the three investment options below. Calculate the annual rate of return of each option and choose the one with
You can only choose one of the three investment options below. Calculate the annual rate of return of each option and choose the one with the highest annual rate of return. [15 points] a. One-time $80,000 investment today and receive $135,000 in 13 years. b. Invest $5,000 today and $10,000 at the end of each year for 13 years. You will receive $178,000 at the end of year 13. c. Invest $8,000 every year for 13 years starting today. You will receive $140,360 at the end of year 13.
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